Binance, one of the world's leading cryptocurrency exchanges, officially announced that it supports the upcoming Dash (DASH) network upgrade and Hard Fork. This important development will take place on December 14, 2023 at 21:00 at a block height of 1,987,776.
Binance Will Support Dash (DASH) Network Upgrade and Hard Fork
As part of the upgrade process, Binance will temporarily suspend deposits and withdrawals of DASH tokens on the Dash network. The suspension is expected to begin around 20:00 on December 14, 2023.
Temporary suspension of deposits and withdrawals is standard practice during network upgrades and hard forks.
This application allows the cryptocurrency exchange to implement the necessary changes and updates to comply with the new features and improvements brought by the network upgrade.
Hard forks and network upgrades are common occurrences in the blockchain and cryptocurrency world. These serve as mechanisms used to make improvements, deliver new features, and address potential vulnerabilities.
Once the upgraded Dash network is deemed stable, Binance will reopen deposits and withdrawals for DASH tokens.
*This is not investment advice.